H.B. Fuller (NYSE:FUL) Receives Average Recommendation of “Hold” from Analysts

Shares of H.B. Fuller (NYSE:FULGet Rating) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $77.20.

FUL has been the topic of several recent research reports. Citigroup lowered their price target on shares of H.B. Fuller from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, March 25th. StockNews.com initiated coverage on shares of H.B. Fuller in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird raised shares of H.B. Fuller from a “neutral” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Thursday, April 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of H.B. Fuller from a “hold” rating to a “buy” rating and boosted their price target for the company from $72.00 to $85.00 in a research report on Monday, April 18th.

In other H.B. Fuller news, VP Timothy J. Keenan sold 1,433 shares of the company’s stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $68.25, for a total value of $97,802.25. Following the transaction, the vice president now owns 22,871 shares of the company’s stock, valued at $1,560,945.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.69% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Castleview Partners LLC purchased a new stake in shares of H.B. Fuller during the fourth quarter worth approximately $127,000. Russell Investments Group Ltd. increased its stake in shares of H.B. Fuller by 40.5% during the first quarter. Russell Investments Group Ltd. now owns 5,598 shares of the specialty chemicals company’s stock worth $369,000 after buying an additional 1,613 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of H.B. Fuller by 6.0% during the first quarter. Mutual of America Capital Management LLC now owns 7,613 shares of the specialty chemicals company’s stock worth $503,000 after buying an additional 434 shares during the period. MetLife Investment Management LLC increased its stake in shares of H.B. Fuller by 55.7% during the first quarter. MetLife Investment Management LLC now owns 27,833 shares of the specialty chemicals company’s stock worth $1,839,000 after buying an additional 9,960 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in shares of H.B. Fuller by 9.6% during the first quarter. State of Tennessee Treasury Department now owns 34,110 shares of the specialty chemicals company’s stock worth $2,254,000 after buying an additional 2,997 shares during the period. Institutional investors own 96.93% of the company’s stock.

Shares of FUL opened at $60.28 on Monday. H.B. Fuller has a 52-week low of $59.17 and a 52-week high of $81.73. The company has a quick ratio of 1.11, a current ratio of 1.87 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average is $68.17 and its two-hundred day moving average is $70.76. The stock has a market cap of $3.20 billion, a PE ratio of 17.99 and a beta of 1.60.

H.B. Fuller (NYSE:FULGet Rating) last announced its quarterly earnings results on Wednesday, March 23rd. The specialty chemicals company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. The firm had revenue of $856.50 million for the quarter, compared to analysts’ expectations of $817.92 million. H.B. Fuller had a net margin of 5.39% and a return on equity of 12.40%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, research analysts anticipate that H.B. Fuller will post 4.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 5th. Shareholders of record on Thursday, April 21st were given a $0.19 dividend. The ex-dividend date was Wednesday, April 20th. This represents a $0.76 dividend on an annualized basis and a yield of 1.26%. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.17. H.B. Fuller’s dividend payout ratio is presently 22.69%.

About H.B. Fuller (Get Rating)

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.

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Analyst Recommendations for H.B. Fuller (NYSE:FUL)

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